North Dakota § 61-02-72 Revenue bonds of commission are legal and valid investments of financial institutions - Exemption from taxation

North Dakota Statutes

§ 61-02-72 — Revenue bonds of commission are legal and valid investments of financial institutions - Exemption from taxation

North Dakota § 61-02-72

Title 61Waters

Ch. 61-02Water Commission

This text of North Dakota § 61-02-72 (Revenue bonds of commission are legal and valid investments of financial institutions - Exemption from taxation) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 61-02-72 (2026).

Text

institutions - Exemption from taxation.
Notwithstanding any restrictions contained in any other law, the state and all public officers,
boards, and agencies, and political subdivisions and agencies thereof, all national banking
associations, state banks, trust companies, savings banks and institutions, savings and loan
associations, investment companies, and other persons carrying on a banking business, and all
executors, administrators, guardians, trustees, and other fiduciaries, may legally invest any
sinking funds, moneys, or other funds belonging to them or within their control in any bonds
issued by the commission pursuant to this chapter, and the bonds are authorized security for
public deposits. The bonds, and the interest thereon, are exempt from all state, county, and
municipal ta

Free access — add to your briefcase to read the full text and ask questions with AI

institutions - Exemption from taxation.
Notwithstanding any restrictions contained in any other law, the state and all public officers,
boards, and agencies, and political subdivisions and agencies thereof, all national banking
associations, state banks, trust companies, savings banks and institutions, savings and loan
associations, investment companies, and other persons carrying on a banking business, and all
executors, administrators, guardians, trustees, and other fiduciaries, may legally invest any
sinking funds, moneys, or other funds belonging to them or within their control in any bonds
issued by the commission pursuant to this chapter, and the bonds are authorized security for
public deposits. The bonds, and the interest thereon, are exempt from all state, county, and
municipal taxes.